Attachment I - Cert of Non-Collusion.pdf

PDF 43 KB Posted

Attached to
RFQ 2602. PRE-QUALIFICATION FOR LIFETIME ANNUITY BIDS
Solicitation number
BD-26-1062-LOT-LOTDO-125534
Issued by
Suffolk County, Massachusetts

About this file

This is a Certificate of Non-Collusion attachment for RFQ 2602, issued by the Massachusetts State Lottery Commission, seeking pre-qualification responses from insurance companies to submit lifetime annuity bids for lottery grand prizes. The procurement targets established, recognized, and qualified insurance companies licensed to do business in Massachusetts to provide life annuity contracts that fund guaranteed lifetime prize payments to lottery winners. Phase I pre-qualification responses are due by March 30, 2026, at 10:00 AM EST, with bidder questions due by March 2, 2026. The RFQ remains open with rolling enrollment through June 30, 2033, with proposals reviewed quarterly and awards made on a rolling basis. Successful bidders will enter into five-year initial contracts with options for two additional one-year extensions, for a maximum contract term of seven years. Subsequent annuity bids for individual contracts are submitted on an as-needed basis through competitive sealed bidding.

Qualified bidders must meet minimum requirements including an AM BEST rating of A- or better, at least $100 million in capital and surplus, and at least $1 billion in assets per independently audited financial statements. Winners of annuity bids are selected based on the lowest responsible bidder's premium quotations, with payment made within ten business days for standard games and up to thirty business days for multi-state games. In Fiscal Year 2025, one annuity bid opening funded two lifetime prizes with aggregated guaranteed prize liability of $208,000 and total premium cost of $158,922, providing a baseline for anticipated contract values. The RFQ does not establish formal set-aside designations; however, bidders are encouraged to complete supplier diversity program and Invest in Massachusetts plans, though participation is optional. No incumbent vendors or current contractors are identified in the procurement documents. The Commission reserves the right to award contracts to single or multiple vendors and may terminate vendors without cause with sixty days' written notice.

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Other files

File Type Posted
RFQ 2602. RFQ Lifetime Annuities.pdf PDF
RFQ 2602. Phase I Template.docx DOCX document
Attachment H - Invest in Massachusetts_Form1.doc DOC document
Attachment M - Bid Letter Example.docx DOCX document
Attachment N - Annuity Bid Form Example.doc DOC document

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